Looking West: Hoboken Welcomes New 424-Home Luxury Rental Near 9th Street Light Rail

The developers of a new rental building minutes from Jersey City on the Hudson Bergen Light Rail have taken the wraps off its 424 luxury homes.  Developer Bijou Properties and partner Intercontinental Real Estate Corporation, who previously teamed up for the development and successful lease-up of Vine at 900 Monroe Street in Hoboken, have announced the launch of 7 Seventy House, a new collection of upscale rental residences and approximately 25,000 square feet of ground floor retail space that will serve residents and the Hoboken community.

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Aptly named after its address at 770 Jackson Street and located just steps from the 9th Street Hudson-Bergen Light Rail Station and Hoboken’s Monroe Center for the Arts, the contemporary building features studios, one-, two- and three-bedroom residences.  The well-appointed homes are initially priced from the $2,300s, with opening incentives that include one-month free on a 13-month lease.  Immediate occupancy is available.

The Marketing Directors, which successfully directed the marketing and leasing program for Vine, is the exclusive marketing and leasing agent for 7 Seventy House.  The Manhattan-based firm has launched the new rental program with an onsite leasing center and fully-furnished model residences.

“7 Seventy House offered an opportunity to further elevate Hoboken’s burgeoning west side which has experienced a lifestyle upswing in recent years with a vibrant new mix of retail, dining, parks and public amenities complementing its cultural core at Monroe Center and access to public transportation,” said Larry Bijou, Managing Partner of Bijou Properties, the locally-based developer responsible for signature north end Hoboken properties such as Park + Garden, Garden Street Lofts and Edge Lofts.

“This new offering will add to the unique energy and appeal of the neighborhood by blending a luxury, amenity-rich residential property with a location that will encourage residents to come together and enjoy the surrounding assortment of shops, services and open gathering spaces in the area.  These include a brand-new playground, state-of-the-art gymnasium and public plaza, all just steps from their front door.”

Peter Palandjian, Chairman and CEO of Intercontinental Real Estate Corporation commented, “Intercontinental’s investment in the ‘Seventy House’ apartment housing development presented a unique opportunity to make excellent risk adjusted returns for our Fund investors while creating hundreds of union labor jobs, and to partner with the City of Hoboken in delivering this vibrant community space.   Through our partnership with Bijou Properties and MHS Architects, we have delivered an extraordinary level of comfort and luxury. We cannot wait for the community to see what we have created.”

 Designed by MHS Architects, the landmark 7 Seventy House features a 14-story high rise tower with multiple terraced setbacks, a glass and brick exterior and distinctive columned entryway.

 The collection of studio, one-, two- and three-bedroom residences feature open floor plans with red oak engineered wood floors and expansive windows that bathe the homes in natural light.  Kitchens boast Quartz countertops, white ceramic tile backsplashes, custom cabinetry, and a premium GE stainless-steel appliance package, with in residence Bosch washer and dryers.  Luxury baths are outfitted with grey mineral stone tile and Moen & Kohler fixtures.  A selection of homes includes private outdoor balconies and terraces up to 800 square feet.

With 90,000 square feet of world class indoor and outdoor amenities, residents of 7 Seventy House will have access to one of the most comprehensive offerings of private recreational and social spaces in Hoboken.  Strategically located on multiple floors with views including the Manhattan skyline, the full suite of amenities includes a penthouse pool and roof deck with lounge seating, expansive amenity deck with fire pits and BBQ stations, multiple outdoor gardens, bocce ball court, state-of-the-art multi-level gym, play room, game room, indoor bike storage, on-site dog park, dog grooming room, alcove with co-working lounge and coffee station and a conference room with access to an outdoor deck.  Additionally, the community features a 24-hour attended lobby, Hello Alfred concierge service and covered parking.

“Residents and their guests are welcomed by an impressive, grand attended lobby that combines natural elements with an industrial ambiance like polished concrete floors and walls to create an interesting, welcoming and functional arrival space,” said Jaqueline Urgo, President of The Marketing Directors.  “Design distinction extends to the stylish homes, where designer finishes enhance the living spaces.  Rounding out the overall lifestyle at 7 Seventy House is an indoor/outdoor amenity package that’s second to none and sure to fulfill the desires of today’s renter.”

Situated just steps from the 9th Street Light Rail Station, 7 Seventy House blends an upscale living experience with the convenience of quick access throughout New Jersey’s Hudson River “Gold Coast,” including Hoboken’s PATH, New Jersey Transit and Ferry terminals with service to Manhattan.  Closer to home, there’s a wide range of services and cultural attractions available in the Monroe Center, the premier arts and business community in Hoboken, which boasts artist studios, children’s activities, fitness facilities, eateries and much more.

7 Seventy House reflects an overall focus on transforming Hoboken‘s west side into a vibrant, pedestrian-friendly neighborhood.  The building was built in conjunction with a brand new two-acre resiliency park donated to the City by Bijou Properties and Intercontinental Real Estate Corporation at the intersection of 7th and Jackson Streets.  The initial installation of the park opened this summer and includes a children’s playground, a one-acre green space designed for active and passive recreation uses, a state-of-the-art 6,835 square-foot community gymnasium, and infrastructure to capture over 450,000 gallons of rainwater.   Expected to open in September is the park’s second phase which will include a one-acre public plaza with stepped seating and tilted lawn panel, play sculpture and a large plaza to accommodate vendors and seasonal markets.

For additional information on 7 Seventy House and to schedule a private appointment to tour the furnished model homes and amenity spaces, please visit www.7seventyhouse.com or call 201-795-0770.

About Bijou Properties

Founded in 1999 in Hoboken, N.J., Bijou Properties owns, operates & develops the highest quality sustainable buildings and has become a recognized leader in the field of green development along the Hudson Waterfront.  Recent projects include Park + Garden, Garden Street Lofts (NJ’s First LEED Gold Residential Highrise) and Vine, a 135-unit LEED certified rental building at 900 Monroe Street.  The developer has also introduced Candela Lofts, the first Passive House multi-family condominium building in New Jersey, and VIA Lofts, a collection of ten luxury condominiums at 1410 Grand Street, and Edge Adams, a 34-unit rental building that’s part of its Edge Lofts apartment portfolio.

About Intercontinental Real Estate Corporation

Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser with decades long experience in real estate investment, finance, developmentconstruction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively over $10 billion in real estate property. Today, Intercontinental manages a real estate portfolio of approximately $8.5 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects.

About The Marketing Directors

With over 35 years of experience, The Marketing Directors is the preeminent development advisory that works exclusively on behalf of residential owners and builders to develop, market, and lease residential homes. The Marketing Directors are industry leaders, respected partners, and market innovators. www.themarketingdirectorsinc.com

 

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